About Property Assessed Clean Energy (PACE)
PACE (Property Assessed Clean Energy) is a financing tool that enables owners of commercial properties to implement projects that will lower their operating costs by improving energy efficiency and by reducing water consumption. It enables long term savings for property owners and promotes the public purpose of energy conservation.
The concept is that the cost of installing water and energy-saving improvements is financed over the lifespan of the improvements. The loan is serviced with a special property assessment that is less than the amount of money saved by the newly reduced energy costs.
Eligible Projects
Commercial and Industrial properties are eligible; residential developments are not eligible. PACE improvements can be incorporated into the construction of new buildings, or they can be installed in existing buildings as retrofit measures as part of a substantial building rehabilitation project.
PACE improvements in a newly constructed building must provide energy savings over and above the savings built into existing building code requirements. Energy savings in retrofit projects (the rehabilitation of existing buildings) must improve upon the levels of energy consumption associated with the systems being replaced.
Eligible Improvements
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• Water Heating Systems
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• Automated HVAC Controls |
Documents
North Platte PACE Program Manual
Contact
Judy Clark
Planning Administrator
211 West 3rd Street
North Platte, NE 69101
clarkjm@ci.north-platte.ne.us
308-535-6724 ext. 3244